Quote

In the insurance business, there is no statute of limitation on stupidity.

Warren Buffett

Change background

T
T
T

Change font

TAGS & TOPICS

Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Statute
Statutes
Insurance
Limitation
Stupidity
Business

More quotes by Warren Buffett

Image
It's easier to create money than to spend it.
Warren Buffett
Image
Knowing the edge of your competency is important. If you think you know more than you do, you will get in trouble.
Warren Buffett
Image
We've been in a recession, by any common sense definition, because if you look at the American public, they've got 20 billion - 20 trillion, I should say, worth of residential homes.
Warren Buffett
Image
We like to buy businesses, but we don't like to sell them.
Warren Buffett
Image
I mean [Franklin Delano] Roosevelt didn't - you know, when he came in, he didn't print any money.
Warren Buffett
Image
My rather puritanical view is that any investment manager, whether operating as broker, investment counselor of a trust department, investment company, etc., should be willing to state unequivocally what he is going to attempt to accomplish and how he proposes to measure the extent to which he gets the job done.
Warren Buffett
Image
Be brave when others are afraid, and afraid when others are brave.
Warren Buffett
Image
You know, with your money and my brains, I mean, there's no telling how far we'd go.
Warren Buffett
Image
... but the important thing is that when you do find one where you really do know what you are doing, you must buy in quantity.... Charlie and I have made a dozen or so very big decisions relative to net worth, although not as big as they should have been. And in each of those, we've known that we were almost certain to be right going in.
Warren Buffett
Image
The best business returns are usually achieved by companies that are doing something quite similar today to what they were doing five or ten years ago.
Warren Buffett
Image
You can lose leverage, and it's the only way a smart guy can go broke.
Warren Buffett
Image
There are three kinds of people: 1. Innovators. 2. Imitators. 3. Idiots.
Warren Buffett
Image
At Berkshire, I both initiate and monitor every derivatives contract on our books ... If Berkshire ever gets in trouble, it will be my fault. It will not be because of the misjudgments made by a risk committee or chief risk officer.
Warren Buffett
Image
Somebody's buying these treasury bills at 1/20th of one percent. Consuming about $2 billion a day of goods and services beyond what we're producing. In other words, the rest of the world sends about $2 billion a day net of something.We got to send them something in return, don't we. So we send them little pieces of paper.
Warren Buffett
Image
In the search [of a deal], we adopt the same attitude one might find appropriate in looking for a spouse: It pays to be active, interested, and open-minded, but it does not pay to be in a hurry.
Warren Buffett
Image
Things you like to do should be a hobby of yours, but things the world does should be a business of yours.
Warren Buffett
Image
It's just that I landed up in a terrific capitalist system. One that pays people who allocate capital extraordinarily well. Intrinsically, I'm not worth as much as somebody who invents something that could improves people's life, or health or whatever.
Warren Buffett
Image
My idea of a group decision is to look in the mirror.
Warren Buffett
Image
It's never paid to bet against America.
Warren Buffett
Image
That's the reality of what they're going to sell them to the Treasury for.
Warren Buffett